In November, Raman, who is 39, pulled off something virtually unheard of in L.A. politics: having never held office, she beat a well-funded incumbent, David Ryu, by staging a grassroots get-out-the-vote movement despite a pandemic.

It all depends on how long you have held the property and how much equity you have in there. 

I forget the exact number but something like 95% of the income real estate that was foreclosed in the Great Recession could have been held if the owner could have made up or handled a 15% decrease in revenues. 

I will absolutely check out those calls, when are the held? 

When held as a rental, there is also depreciation recapture that is taxable.

@Ken Mull, The problem you're going to run into is that as soon as you start construction you're creating inventory and that would disallow that property to be used in a 1031 until you held it long enough to demonstrate your intent to hold for investment.  

Argue all you want that you can't eat appreciation, but you can when you capture it through cash out refi, trade, sale, etc. and over time, it turns out to be a cash flow king if held long enough.If you intend to house hack, you have already mitigated some risk to the COVID crisis as a landlord and screening  your tenants is another mitigation factor.

Hello Bigger Pockets, this is my first post, and debating whether to hold or sell my office condo suite that I bought back in 2011 after my landlord filed bankruptcy and was left rent free for almost a year until I was able to offer a low purchase price to the bank that held the "bad note." 

If you are not a licensed agent this contract may not be held as valid if you run into disputes.

You always end up building equity no matter what, as long as you hold to the strategy and stick to the plan.PS: I am talking based on my own experience; I have seen clients that bought at the worst of the market but held to their strategies are doing very well now.